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Welcome to Startups Weekly — your hebdomadary retread of everything you ca n’t miss from the earth of startups . Want it in your inbox every Friday?Sign up here .
Sometimes problems are just that : problems . But often , they are also fodder . This week fetch us a mix of startup facing hardship , sometimes of their own doing , and others that are prosper .
Most interesting startup stories from the week
Some startups racked up gross and contracts ; others rack up lawsuit .
Ramping up : Fintech startup Rampmore than double its annualized revenueto $ 700 million . In a late lowly share cut-rate sale , it alsonearly doubled its valuationto $ 13 billion .
Bang a gong : Revenue prognostication startup Gongsurpassed $ 300 million in annualized revenue , put the AI company on the way to a potential IPO .
Mach speed : Mach Industries , a defence technical school startup plunk for by Sequoia , land a declaration with the U.S. Armyand has design for its first manufacturing plant , its 21 - class - older laminitis Ethan Thornton said .
Boomerang : After year of disputation , including a now - settled legal battle , Ryan Breslow isonce again the CEO of Bolt , the fintech society he base , which was once valued at $ 11 billion .
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One case : Passes , a direct - to - rooter monetisation platform for creators that raised a $ 40 million Series A direct by Bond Capital in 2024,has been suedfor allegedly circulate child intimate abuse stuff .
Another lawsuit : One board member of climate - friendly fintech startup Aspirationplead guilty to wire fraudand one co - founder was arrested for allegedly conspiring to defraud investor , allot to a federal felonious complaint .
Most interesting VC and funding news this week
Several startups announce large round of golf this week — in AI as usual , but also in different category that help others navigate haired state of affairs .
AI Lord : Anthropicraised a $ 3.5 billion Series Eled by Lightspeed Venture Partners at a $ 61.5 billion post - money evaluation .
AI better half : Turing , which contributes to the construction of LLMs , raised a $ 111 million Series Eled by Malaysia ’s sovereign riches fund Khazanah Nasional Berhad at a $ 2.2 billion evaluation .
60 minutes contender : Amerind 60 minutes unicorn Darwinboxraised $ 140 millionto expound internationally and challenge competition like Deel .
Counter drone : U.S. defense tech inauguration Epirus raiseda $ 250 million Series Dto counter trailer swarms . Germany - base Alpine Eagle securedaround $ 10.96 million in fundingfor its airborne result to the same problem .
Avoiding excitableness : Tel Aviv - base inauguration Grain emerged from stealth with$50 million in fundingto assist job evade against FX excitableness .
Navigating tariff : With cross - border trading barriers in the limelight , Swapraised $ 40 millionto build dick that aid merchandiser deal with tariffs and other hurdles .
Avoiding chemo : New York - found startup Ataraxis AIraised a $ 20.4 million Series Ato foreshadow the cancer outcome of case-by-case patients and whether chemo can be avoided .
Larger fund : Thirty - year - old firm Foundation Capital , an early backer of Solana and Cerebras , raise an 11th flagship fund of $ 600 million — 20 % more than its predecessor .
Last but not least
Ed Zitron , host of the Better Offline podcast , has no patience for increment at all cost and what he calls the “ rot saving , ” but do n’t mistake this for technical school hate . In a late instalment of the Equity podcast , heargued there ’s an opportunity for startupsto do well than Big Tech in putting users first .
